Facebook Inc. (FB) reported Q3 2020 earnings on October 29, 2020. Below is the full edited verbatim transcript of the earnings call conference event.
Listen to the MP3 Audio here:
Operator: Good afternoon. My name is Mike and I will be your conference operator today. At this time, I would like to welcome everyone to the Facebook’s third quarter 2020 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] This call will be recorded. Thank you very much.
Ms. Deborah Crawford, Facebook’s Vice President of Investor Relations, you may begin.
Deborah Crawford – Vice President, Investor Relations
Thank you. Good afternoon and welcome to Facebook’s third quarter 2020 earnings conference call. Joining me today to discuss our results are Mark Zuckerberg, CEO; Sheryl Sandberg, COO and Dave Wehner, CFO.
Before we get started, I would like to take this opportunity to remind you that our remarks today will include forward-looking statements. Actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are set forth in today’s press release and in our quarterly report on Form 10-Q filed with the SEC. Any forward-looking statements that we make on this call are based on assumptions as of today and we undertake no obligation to update these statements as a result of new information or future events.
During this call, we may present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today’s earnings press release. The press release and an accompanying investor presentation are available on our website at investor.fb.com.
And now I’d like to turn the call over to Mark.
Mark Zuckerberg – Founder, Chairman and CEO
All right. Thanks everyone for joining us today. I hope you’re all staying safe and doing well.
We had another strong quarter as people and businesses continue to rely on our services to stay connected and create economic opportunity, especially during these tough times. Now 2.5 billion people around the world use one or more of our apps, each day. More than 200 million businesses use our free tools and there are more than 10 million active advertisers across our services. Most of these are small businesses which otherwise would have had a much harder time moving online and reaching customers during this pandemic and that’s something that I’m really proud of.